ING vs VEA: Correlation
ING Group, N.V. (ING) and Vanguard FTSE Developed Markets ETF (VEA) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ING and VEA?
On 3 years of weekly data the ING/VEA correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.71 over 3. The 5-year figure is 0.70, and annualized covariance runs at 297.0 %².
Within ING's tracked universe of 16 assets, VEA comes in at #5 by 3-year correlation. The last year tells two different stories: ING led by 24.0 percentage points, +52.5% for ING against +28.5% for VEA. Note the risk asymmetry: ING runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ING vs VEA: side by side
| ING (ING Group, N.V.) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +52.5% | +28.5% |
| 5-year return | +269.9% | +63.5% |
| Volatility (ann.) | 27.5% | 15.1% |
| Beta vs S&P 500 | 0.94 | 0.79 |
| Max drawdown (3Y) | -19.9% | -13.5% |
| Market cap | $100.1B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 3.19% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | ING | VEA |
|---|---|---|
| 2022 | -4.2% | -15.3% |
| 2023 | +31.9% | +17.9% |
| 2024 | +12.2% | +3.1% |
| 2025 | +88.3% | +35.2% |
| 2026 | +30.9% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ING and VEA good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ING and VEA?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.69 over the last year and 0.70 over 5 years.
Is VEA a good diversifier for ING?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ing-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ing-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ING correlations · VEA correlations
